Nimbus Token The Real Deal
Its no secret that ICOs (Initial Coin Offerings) have changed the manner in which startups raise funds, shifting away from the so-called IPOs (Initial Public Offerings), and crowdfunding. Today, the crypto markets are flooded with ICOs that are being launched on a daily basis. In 2017 alone, over 235 ICOs were launched raising close to $3.7 trillion.
How to assess the ICO
The best way of evaluating an ICO is exploring every single aspect of the crypto-based project while narrowing it down to your precise execution strategy. Here are some critical factors that you should consider while evaluating the ICO:
#1: Evaluate the ICOs business modelA concise business model can help you understand how the crypto-based project will be implemented, governance and compliance regulations, how the tokens will be used, and how youre likely to recoup your returns.
Understanding the ICOs business model will require that you identify the strong points and weak points of the business strategy.
You can seek help from experts who truly understand the blockchain technology and discuss with them these painstaking points.
#2: What are the composition of the project team members?Begin by finding out every single detail about the founder, advisory team and the development. Find the ICOs that have project teams with a proven track record in blockchain development. Ensure that the team has established a track record of crypto-based assets execution.
Such a team can help you understand the feasibility and fruition of the crypto-based project. The team should not only have the required skills to implement the project but should also be technically sound. Ensure that youre also informed about the project execution at every stage of implementation.
#3: Community feedbackMost firms seeking funds usually create an ICO website for the event. The site must provide all the information about the upcoming ICOs that investors may want to know. Such a site can serve as a non-traditional platform to be closed after the ICO, or be converted into an investor portal.
Besides the ICO Website, the company must have a communication platform where it engages the community. Check the community communication forums and find out how the project team is responding to comments. You can visit Reddit, Twitter, and Facebook to check the comments and the feedback.
#4: Current project stateMost ICOs do have a project near completion or other milestones that are crucial to the successful implementation of the project. Find out the project status and whether the development team is up-to-date with strict timelines or not.
#5: Market NicheHow strong is the competition in the selected market niche? Research for any previous firms that have worked on similar platforms and match their fundamentals with the ICO.
Bottom Line
Nimbus Token ICO is a well-developed and transparent ICO, so need to worry about any Ponzi schemes. Nimbus Token has an incredible business model and a great team. Storm Williams, our CEO, is the father of crowdsourcing with his charity, Books For Soldiers and John McAfee the crypto genius with an eye for great ideas. Our community is great with all top quality feedback. Join our Telegram (link below) to chat with us. Our project is going great with just under 50 days to go for the ICO sale.
For more information regarding Nimbus Token please visit our website at:
https://www.nimbustoken.comAlso, if you have any questions regarding Nimbus Token or would like some extra information check out our social media:
Facebook: https://www.facebook.com/NimbusToken
Twitter: https://twitter.com/NimbusToken
Telegram: https://t.me/NimbusToken
YouTube Interview: https://www.youtube.com/watch?v=sJKgfFYpg4k&t=107